Bao Viet Posts VND980 Billion Pre-tax Profit
Baoviet Holdings, the largest insurer in Vietnam expects to earn a consolidated profit before tax of VND1,391 billion in 2010. In the first nine months, the group made a pre-tax profit of VND980 billion, up 7.39 percent from the same period in 2009.
The profit before tax of parent is expected to reach VND936 billion in 2010, including VND697 billion in the first nine months. Bao Viet forecasts that the market will not undergo abnormal changes in the last months of the year.
The insurance group plans to pay 11 percent of dividend to its shareholders in 2010. Core businesses of Baoviet Holdings like life insurance, non-life insurance and banking have optimistic growth.
Luu Hiep
Vietnamese
